The Nifty Pvt Bank index can rally to 20,425 and 20,775 in the short-term.
According to the technical analyst, traders should adopt a buy-on-dips approach for the Nifty Auto index, with a minimum target of 12,236
According to the technical analyst, the best trading strategy for traders would be to buy on dips with a strict stop loss of 16,800 on a closing basis for Nifty
According to the technical analyst, the Nifty Media Index is currently displaying a range-bound pattern, with fluctuations occurring within a prescribed range
The short-term bias for Nifty Midcap 50 index is likely to remain negative as long as the index remains below 8,786.
The technical analyst expects the Nifty auto index to shortly see a rebound, while the metal index could underperform
According to the technical analyst, traders can employ 'buy-on-dips' strategy for Nifty Private Bank, Nifty PSU Bank, and Nifty Financial Services indices
According to the technical analyst, the Nifty index exhibits an imminent pullback in the near-term post an oversold disposition
According to the technical analyst, he remains bullish on Nifty Pharma, and Nifty Oil & Gas indices
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
According to the technical analyst, charts suggest rapid technical bounce for the Nifty Auto index, wherein traders can anticipate a price recovery
With an view to capitalize on a potential technical bounce, the technical analyst advises traders to adopt a buying strategy near the support price.
The technical analyst sees 17,315 as a critical support level for the near term.
According to the technical analyst, traders must adopt 'sell-on-rise' strategy for Nifty Pharma, Nifty Energy, and Nifty Midcap 100 indices
According to the technical analyst, the Nifty FMCG index presents a promising opportunity for traders to capitalise on the current bullish trend
According to technical analyst, the Nifty Private Bank index exhibits a bullish trend in the near term, but traders must exercise caution and wait for decisive breakout before taking any new position
The technical analyst expects an upside target of 17,800 - 17,900 on the Nifty, with stop loss of 17,400.
According to the technical analyst, the Nifty Consumption index is likely to witness a pullback, and the support range of 7,036 - 6,980 is likely to provide a base for a technical bounce
The technical analyst also expects a pullback in the Nifty Pharma index.
According to the technical analyst, charts suggest bullish trend for Nifty FMCG index, while bearish for Nifty Metal index